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Old 09-27-2006, 02:24 PM
olivert olivert is offline
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Join Date: Jan 2006
Posts: 1,070
Default Re: WPTE changes CFO

[ QUOTE ]
ESPN is willing to pay much more than the Travel Channel, thus the lawsuits over the PPT.

Say what you want about there TV deal, but I'm around people that know the situation pretty well. WPTE has done a terrible job making money, no one can dispute that.

[/ QUOTE ]

Again, what are you talking about?

And also, where have you been since 2004?

You are still stuck in 2004, while I am talking about 2006.

In 2004, ESPN wanted to pay WPTE more money for the PPT than The Travel Channel did.

In 2006, ESPN is NOT willing to pay Harrah's Entertainment even 1 penny for the WSOP Main Event, the "World Championship" of poker.

The TV poker business has changed, and changed dramatically, from a "rights fee" product to a "time buy/infomercial" product.

Those of you who continue to claim that WPTE got a "terrible" TV deal don't know what you are talking about.

FACT: WPTE gets more money from The Travel Channel for the WPT than any other TV poker producer gets from any TV network in the world.

The only reason why WPTE loses money is because it is forced to spend millions of dollars to migrate WPTE from a TV productions business to an online gaming business, with Asia and the Chinese-speaking markets in Asia in particular, being the target markets, when WPTOnline.com is scheduled to re-launch in the 3rd quarter of 2007 with "version 2".

WPTOnline.com "version 1", which operates primarily in the UK, loses money and will continue to lose money until the plug is pulled because the software is not scalable.

WPTE's legacy TV contract with The Travel Channel, which gets WPTE $10 million a year, is a year-to-year option which The Travel Channel can choose to exercise approximately 60 days before the start of filming for a new WPT season. Those options only run through "season 8", or the 2008-2009 season.

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